This property looks like a bad Long-Term investment with a projected -26.72% first-year return on $259k initial cash invested.
-26.72%
Cash On Cash
0.63%
Cap Rate
0.1
DSCR
$2,547
Rent
-$5,760
Cashflow
Cash Flow
$2,547 income − $8,307 expenses = $5,760 out of pocket
Investment Breakdown
|
Purchase Price
$1232k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$259k
Downpayment
20%
$246k
Closing costs
1%
$12,320
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,547
Total Expenses
$8,307
Mortgage P&I
247%
$6,282
Property Taxes
33%
$838
Home Insurance
21%
$525
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0